Financial Administrator Specialist
2 weeks ago
Company Overview
We are Isilumko Staffing, a leading staffing agency dedicated to connecting talented individuals with exciting job opportunities.
Salary: R400 000 - R600 000 per annum
Job Description
As a Financial Administration Specialist, you will be responsible for managing the financial aspects of our clients' businesses. This includes processing financial transactions, maintaining accurate records, and ensuring compliance with relevant laws and regulations.
Key Responsibilities:
- Request commercial stop order deductions (TCF): You will be responsible for requesting commercial stop order deductions from various institutions.
- Retrieve deduction request files from Aims: You will need to retrieve deduction request files from Aims, a software system used by our clients.
- Extract different deduction requests from Aims reports: You will extract different deduction requests from Aims reports and prepare them for submission to various institutions via email.
- Follow up on deduction requests distributed by Hyphen: You will follow up on deduction requests distributed by Hyphen, another software system used by our clients.
- Reconcile commercial stop order receipts: You will reconcile commercial stop order receipts to ensure accuracy and completeness.
- Request feedback from different institutions: You will request feedback from different institutions to support deposits made into the CSO bank account (TCF).
- Perform a reconciliation between the deduction requests submitted and the feedback received: You will perform a reconciliation between the deduction requests submitted and the feedback received from different institutions, ensuring that the feedback aligns with the amount deposited into the bank account.
- Update any differences identified through this reconciliation in Aims: You will update any differences identified through this reconciliation in Aims to ensure accurate reflection of receipts (TCF).
- Allocate deposits in FNB Deposit account and bank account journal(s): You will allocate deposits in FNB Deposit account and bank account journal(s) to ensure accurate record-keeping.
- Investigate the system-generated exception report concerning deposits that couldn't be allocated in AIMS: You will investigate the system-generated exception report concerning deposits that couldn't be allocated in AIMS.
- Conduct monthly reconciliation between the bank statement and transactions allocated on AIMS: You will conduct monthly reconciliation between the bank statement and transactions allocated on AIMS to ensure completeness and accuracy.
- Prepare the journal to be posted to Sage: You will prepare the journal to be posted to Sage, an accounting software used by our clients.
- Calculate amounts to be refunded to policyholders (TCF): You will calculate amounts to be refunded to policyholders (TCF) based on the number and value of premiums received.
- Process refund requests that have been received: You will process refund requests that have been received from policyholders.
- Identify all Aims transactions related to the refund: You will identify all Aims transactions related to the refund.
- Perform calculations based on the number and value of premiums received: You will perform calculations based on the number and value of premiums received, taking into account any applicable premium increases.
Required Skills and Qualifications:
- Formal Education: Matric with mathematics and accounting is a must.
- Technical/Legal Certification: National diploma is an advantage.
- Experience: 1 Year of finance experience is an advantage.
- Exposure to the insurance industry would be beneficial. A working knowledge of AIMS is preferred.
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